Climate change financing dropped from G20 draft statement
By Paul Homewood
There have been suggestions of this coming this week.
Opposition from the United States, Saudi Arabia and others has forced Germany to drop a reference to financing programs to combat climate change from the draft communique at a G20 finance and central bankers meeting.
A G20 official taking part in the meeting said on Friday that efforts by the German G20 presidency to keep the wording on climate change financing had run into resistance.
"Climate change is out for the time being," said the official, who asked not to be named.
At their last meeting in July 2016 in the Chinese city of Chengdu, the G20 financial leaders said they encouraged all signatories of the Paris Agreement on climate change to bring the deal into force as soon as possible.
But U.S. President Donald Trump, who took office in November, has called global warming a "hoax" concocted by China to hurt U.S. industry and vowed to unpick the Paris climate accord that is supposed to curb rising temperatures.
Under the Chinese G20 presidency, finance ministers last year called on all governments to implement financial commitments made under the Paris deal in a "timely" way and promised to continue working on climate finance in 2017.
Trump’s administration on Thursday proposed a 31 percent cut to the Environmental Protection Agency’s budget, as the White House seeks to eliminate climate change programs and trim initiatives to protect air and water quality.
Asked about climate change programs, Mick Mulvaney, Trump’s budget director, told reporters on Thursday "we consider that to be a waste of (Americans’) money."
"I think the president is fairly straightforward. We’re not spending money on that," he said.
Some have been concerned about an apparent backtracking by the Trump administration on climate change.
My view is that he is happy to push things forward on the basis of gradual, commonsense policies, rather ideological ones. Both will end up with the same result.
We have already had an indication of this with his recent withdrawal of funds from UN climate programmes.